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Last night i made another cash out at pokerstars using Marqis recommendation.

I first made a cash transfer from U.S dollars into Canadian they gave me 1.12 and fraction as exchange rate. If i had mde the direct cash out from U.S to Canadian i would have got 1.10 and fraction for a differnce of a bit more than 2%. Thanks Mraqis.

Posted by StheP:can I choose amount of money I want to convert, and rest keep in $... For example I have 1000$ on mine account, and I want 500$ to change to euro, and I want 500$ to keep in $... Is this posible?

Posted by pinotte:Last night i made another cash out at pokerstars using Marqis recommendation.

I first made a cash transfer from U.S dollars into Canadian they gave me 1.12 and fraction as exchange rate. If i had mde the direct cash out from U.S to Canadian i would have got 1.10 and fraction for a differnce of a bit more than 2%. Thanks Mraqis.

Good to hear it helped!

I know 2.5% doesn't sound like too big of a deal, but I feel when you think of it in terms of your overall winrate, it can really add up. While we're all trying to improve our game, to get the best return, it would be a shame, to lose it here. There just aren't that many ways to improve 2.5% on your net result, this easily...

whats up with currency conversions now? is that a new thing, i could swear it used to be in $ for everyone before? or maybe it was just me so i didnt really pay any attention to it but even when cashing out id get my money in $ and not euros. and i used both skrill and paypal and neither asked for any sort of conversions before :o

Posted by Theapple:whats up with currency conversions now? is that a new thing, i could swear it used to be in $ for everyone before? or maybe it was just me so i didnt really pay any attention to it but even when cashing out id get my money in $ and not euros. and i used both skrill and paypal and neither asked for any sort of conversions before :o

Setting up multiple multicurrency bank accounts (in your country of residence) that can be linked to and matches to your default currency of the online poker site (as well as that of the payment processor of your choice) might help you to avoid excessive FX fees.

Posted by Tony_MON7ANA:Setting up a several multi currency bank accounts (in your country of residence) that can be linked to and matches to your default currency of the online poker site (as well as the payment method of your choice) might help you to avoid excessive FX fees.

If you keep or spend that money in USD, and never need it in your own currency, then sure, but as soon as you get your bank to do a conversion, you'll pay (many banks charge a 5% fee for this).Also banks will charge a monthly/yearly fee for such an account, which might end up costing you more than the conversion...

Probably most of us, would ultimately need the money in our own currency, at one point. Pokerstars was unique (and remains so if you use the "trick" ) for not charging a fee for currency conversions.

yeah thx marqis once again, such a simple and elegant solution hope that stars won't close the loophole (but seeing the new owners greed it looks like it's only a matter of time). still if one has a skrill account in other currency than usd it's a must to do the conversion in the stars cashier before withdrawal to skrill.

Posted by pochui:yeah thx marqis once again, such a simple and elegant solution hope that stars won't close the loophole (but seeing the new owners greed it looks like it's only a matter of time). still if one has a skrill account in other currency than usd it's a must to do the conversion in the stars cashier before withdrawal to skrill.

I think Pokerstars are completely aware of this. On the 2+2 forum it is widely discussed. If you think about it, Pokerstars won't care too much, as the vast majority of players won't know about it, or do not live in a GBP, EUR or CAD country...

Posted by Theapple:whats up with currency conversions now? is that a new thing, i could swear it used to be in $ for everyone before? or maybe it was just me so i didnt really pay any attention to it but even when cashing out id get my money in $ and not euros. and i used both skrill and paypal and neither asked for any sort of conversions before :o

and whats up with new owners, thats also new to me.. but looks like this thing was new owners doing too? if so, ps future doesnt look so bright, ffs 2,5% is huge in poker terms what the f#// were they thinking